Pimco Income Fund Market Value

PIPNX Fund  USD 10.62  0.02  0.19%   
Pimco Income's market value is the price at which a share of Pimco Income trades on a public exchange. It measures the collective expectations of Pimco Income Fund investors about its performance. Pimco Income is trading at 10.62 as of the 28th of March 2024; that is 0.19% increase since the beginning of the trading day. The fund's open price was 10.6.
With this module, you can estimate the performance of a buy and hold strategy of Pimco Income Fund and determine expected loss or profit from investing in Pimco Income over a given investment horizon. Check out Pimco Income Correlation, Pimco Income Volatility and Pimco Income Alpha and Beta module to complement your research on Pimco Income.
Symbol

Please note, there is a significant difference between Pimco Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pimco Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pimco Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Pimco Income 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pimco Income's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pimco Income.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Pimco Income on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pimco Income Fund or generate 0.0% return on investment in Pimco Income over 30 days. Pimco Income is related to or competes with USCF Gold, Pimco Rae, Pimco Rae, New York, Pimco New, Pimco New, and New York. The fund invests at least 65 percent of its total assets in a multi-sector portfolio of Fixed Income Instruments of vary... More

Pimco Income Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pimco Income's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pimco Income Fund upside and downside potential and time the market with a certain degree of confidence.

Pimco Income Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pimco Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pimco Income's standard deviation. In reality, there are many statistical measures that can use Pimco Income historical prices to predict the future Pimco Income's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pimco Income's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
10.3410.6210.90
Details
Intrinsic
Valuation
LowRealHigh
10.3210.6010.88
Details
Naive
Forecast
LowNextHigh
10.2910.5710.86
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.5910.6110.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pimco Income. Your research has to be compared to or analyzed against Pimco Income's peers to derive any actionable benefits. When done correctly, Pimco Income's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Pimco Income Fund.

Pimco Income Fund Backtested Returns

We consider Pimco Income very steady. Pimco Income Fund maintains Sharpe Ratio (i.e., Efficiency) of 0.0617, which implies the entity had a 0.0617% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Pimco Income Fund, which you can use to evaluate the volatility of the fund. Please check Pimco Income's Coefficient Of Variation of 1069.71, semi deviation of 0.1994, and Risk Adjusted Performance of 0.0422 to confirm if the risk estimate we provide is consistent with the expected return of 0.0175%. The fund holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pimco Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pimco Income is expected to be smaller as well.

Auto-correlation

    
  0.42  

Average predictability

Pimco Income Fund has average predictability. Overlapping area represents the amount of predictability between Pimco Income time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pimco Income Fund price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Pimco Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.42
Spearman Rank Test0.69
Residual Average0.0
Price Variance0.0

Pimco Income Fund lagged returns against current returns

Autocorrelation, which is Pimco Income mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pimco Income's mutual fund expected returns. We can calculate the autocorrelation of Pimco Income returns to help us make a trade decision. For example, suppose you find that Pimco Income has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Pimco Income regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pimco Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pimco Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pimco Income mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Pimco Income Lagged Returns

When evaluating Pimco Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pimco Income mutual fund have on its future price. Pimco Income autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pimco Income autocorrelation shows the relationship between Pimco Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pimco Income Fund.
   Regressed Prices   
       Timeline  

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Check out Pimco Income Correlation, Pimco Income Volatility and Pimco Income Alpha and Beta module to complement your research on Pimco Income.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Pimco Mutual Fund analysis

When running Pimco Income's price analysis, check to measure Pimco Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pimco Income is operating at the current time. Most of Pimco Income's value examination focuses on studying past and present price action to predict the probability of Pimco Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pimco Income's price. Additionally, you may evaluate how the addition of Pimco Income to your portfolios can decrease your overall portfolio volatility.
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Pimco Income technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Pimco Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Pimco Income trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...